DAILY MARKET OUTLOOK EUR/USD - 1.3811Update Time: 21 Apr 2014 03:24 GMT
Although euro's intra-day weakness in holiday-thinned Asian morning suggests correction from last week's low at 1.3790 (Tue) has ended earlier at 1.3865 Thursday and consolidation with downside bias remains for re-test of this support where a break there would confirm early decline fm April's 3-week peak at 1.3906 has once again resumed and yield subsequent loss towards 1.3761.
On the upside, only above 1.3833 would prolong choppy trading inside indicated broad range of 1.3790-1.3865, however, reckon upper level should remain intact today.
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